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This property looks like a bad Mid-Term investment with a projected -15.51% first-year return on $226k initial cash invested.
-15.51%
Cash On Cash
2.85%
Cap Rate
0.47
DSCR
$6,038
Rent
-$2,920
Cashflow
$28,560
Annual
$2,400
Median
$2,354
Avg
25
Samples
Rent insights and distributions
Cash Flow
$6,038 income − $8,958 expenses = $2,920 out of pocket
Investment Breakdown
|
Purchase Price
$990k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$226k
Downpayment
20%
$198k
Closing costs
1%
$9,900
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$6,038
Total Expenses
$8,958
Mortgage P&I
83%
$5,032
Property Taxes
25%
$1,526
Home Insurance
6%
$346
HOA
0%
$0
Property Management
12%
$725
CapEx
4%
$242
Vacancy
3%
$181
Maintenance
4%
$242
Other
11%
$664